- The aim of the Financial Liquidity Fund has been to:
a) To provide savings checks when or people need it.
b) To provide certain profits when banks or financial institutions need it.
c) To provide credits when banks or financial institutions need it.
d) None of them.
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What Is a Savings Account?
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
Savings accounts have some limitations on how often you can withdraw funds, but generally offer exceptional flexibility that’s ideal for building an emergency fund, saving for a short-term goal like buying a car or going on vacation, or simply sweeping surplus cash you don’t need in your checking account so it can earn more interest elsewhere.
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